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If you forget to file your annual report, youll receive a warning letter from the Secretary of State. If you still dont file, the next step is administrative dissolution. This means that your LLC is no longer recognized as a legal entity, and you lose the protections that come with being an LLC.
The Statement of Information filing details your companys owners, business address, and business description. A California corporation must file a Statement of Information within 90 days of its Articles of Incorporation endorsement.
Failure to file the required Statement of Information with the Secretary of State as outlined in statute may result in penalties being assessed by the Franchise Tax Board and suspension or forfeiture.
Every California and registered foreign limited liability company must file a Statement of Information with the California Secretary of State, within 90 days of registering with the California Secretary of State, and every two years thereafter during a specific 6-month filing period based on the original registration
A Statement of Information must be filed either every year for California stock, cooperative, credit union, and all qualified out-of-state corporations or every two years (only in odd years or only in even years based on year of initial registration) for California nonprofit corporations and all California and
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Every corporation and limited liability company is required to file a Statement of Information either every year or every two years as applicable.

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